EURUSD: Bullish Cypher? Bullish Shark? Waiting ....... Long Bias
In 1 hour chart I saw
1) Yellow: Bullish Cypher
2) Green: Bullish Shark (Fibo X extension 0.886)
3) Green: Bullish Shark (AB extension 2.24)
The probability trend turnover to bullish on pattern 1 & 2 are higher than 3 as the D leg of pattern 1 & 2 fall exactly on support level. Therefore, any trade will only be executed when the trend reversal is confirmed.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
1) Yellow: Bullish Cypher
2) Green: Bullish Shark (Fibo X extension 0.886)
3) Green: Bullish Shark (AB extension 2.24)
The probability trend turnover to bullish on pattern 1 & 2 are higher than 3 as the D leg of pattern 1 & 2 fall exactly on support level. Therefore, any trade will only be executed when the trend reversal is confirmed.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
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